-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
3-month report/Q1 report
29.02.2008
• Reorganization shows first positive effects - Operating margins improved Q1 EBITDAR and EBIT margins improve by 1.9 and 2.4 pp respectively despite investment in Vienna and Prague and high fuel prices. • Considerable start-up costs due to the reallocation of aircraft capacity to Vienna have been already offset in part by improved cost structure and higher efficiency Build-up of Vienna Airport as a major base is an investment in a mature and affluent market • Focus on high aircraft utilisation and cost reductions pay-off as cost per seat falls 15.9%. Aircraft utilisation increases by 14.1% to 10:33 hours. • Headcount reduced from 843 to 727 reflecting efforts to reduce headcount and improve staff efficiency • Continued strong revenue growth up 32.2% from Q1 2007. Passengers flown reached 860 thousand up from 600 thousand. • Seat load factor at 71% despite a 54.3% increase in capacity. Yield improves by 2.9%. • Steven Greenway appointed as Chief Commercial Officer effective 1 December 2007.
The whole financial Q1 report for FY 2008 you can find on www.skyeurope.com under "Investor relations".
end of announcement euro adhoc --------------------------------------------------------------------------------
ots Originaltext: SkyEurope Holding Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
Branche: Air Transport ISIN: AT0000497003 WKN: A0F5WU Index: WBI Börsen: Wiener Börse AG / official market
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